Naira, Two Others Worst Performing Currencies in 2024 – Bloomberg The naira has emerged as the worst-performing currency in the world in the first half of 2024. According to a report by Bloomberg on Friday, devaluation, insufficient dollar liquidity, and market volatility have hindered efforts by...

According to Bloomberg, several asian and local companies are stepping in to fill the void left by US and Europe-based multinationals exiting Nigeria.  

Bloomberg Ranks Dangote Refinery Over Europe’s Big Producers The Dangote refinery has been ranked above the 10 biggest refineries in Europe because of its capacity, according to data compiled by Bloomberg. The $20bn Dangote refinery can refine 650,000 barrels of petroleum products per day. The report stated...

Nigeria's Economy May Drop to Fourth Largest in Africa – IMF Nigeria’s economy, which ranked as Africa’s largest in 2022, is set to slip to fourth place this year after a series of currency devaluations, International Monetary Fund forecasts show. The IMF’s World Economic Outlook as...

FG Eyes World Bank's $1.5bn Loan to Stabilise Naira - Edun The federal government has said it is in discussion with the World Bank for a $1.5 billion loan to support the budget and also provide liquidity in the forex market. The Minister of Finance and...

Naira Now Among Worst Performing Currencies Globally, Report Reveals   While officially, Nigeria’s naira can be said to be doing well this year, down just 4 per cent against a strong US dollar, ahead of the Canadian dollar and the Swiss franc, a Bloomberg report has...